SEC Form 4 · accession 0001605997-15-000005
Northern Power Systems Corp. · NPS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John Simon
Director · 10% Owner
Period of report
Aug 21, 2015
Accepted (ET)
Aug 25, 2015 · 6:22 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001605997
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Shares | Aug 21, 2015 | P | 972,000 | $0.4421 | A | 1,219,300 | D | |
| Common SharesF1 | Aug 25, 2015 | A | 15,000 | $0.00 | A | 15,000 | D | |
| Common SharesF2 | Aug 25, 2015 | A | 81,691 | $0.44 | A | 81,691 | D | |
| Common SharesF3 | holding | — | — | — | 1,139,533 | I | By Allen & Company LLC |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Annual grant of restricted common shares under Northern Power Systems Corp. 2014 Stock Option and Incentive Plan. 75% of the shares will vest on September 30, 2015, and the remaining 25% of the shares will vest on December 31, 2015.
- F2Grant of restricted common shares under Northern Power Systems Corp. 2014 Stock Option and Incentive Plan in lieu of cash payment for retainer fees. 40,846 of the shares vested immediately upon the date of the grant. The remaining 40,845 shares will vest in two equal installments, on September 30, 2015, and December 31, 2015, respectively.
- F3Mr. Simon is an employee of Allen & Company LLC, and does not hold voting or dispositive power over the 4,399,376 common shares held by Allen & Company LLC, but has a beneficial interest in 1,139,533 common shares held by Allen & Company LLC for the account of Mr. Simon.